(Boursier.com) — The Combined General Meeting of Shareholders of Catana Group met on Thursday February 29 at the company’s head office in Canet-en-Roussillon. All of the proposed resolutions were adopted by a very large majority by the General Assembly.
Facing the shareholders, the Chairman and CEO, Aurélien Ponçin, declared in particular: “Nearly 10 years after the launch of the Bali range, which changed the destiny of our Group, we have the privilege of leading a team of more than 1,400 people whose dedication and agility largely explain the presence of our Group among the global elite of multihull manufacturers, after years of particularly dynamic commercially but paradoxically very disrupted on a global level. If the market currently seems to offer less visibility , all in all quite logically, it nonetheless remains solid and structurally good. With solid financial foundations, and above all strong adaptation capacities, built over time, this market situation does not cause us any concern.
“This short-term data requires vigilance, it in no way calls into question our planned progress. The plan for the next decade is in fact already well underway and will undoubtedly offer opportunities for strong and profitable growth”, the boss of the pleasure boating specialist adds: “The Bali range will continue to expand with the upcoming arrival of the flagship of the fleet, the Bali 5.8, which will give a new dimension to this young brand. Then, Bali will concentrate its development plan in units over 60 feet, a segment of the sailing market with high potential but from which we are absent today. We will also not forget our historic brand Catana, which will celebrate its 40th anniversary this year , which we intend to significantly develop after focusing on Bali in recent years. These new ambitions of the Group in large sailing ships as well as the redeployment of the Catana brand, will probably justify a new industrial investment in the coming years.”
The manager concludes: “Our group is preparing to open a new page in its history with the opening of its YOT powerboating department. In a market segment 8 times larger than that of sailing, we will remain faithful to our line by offering a range of innovative products that meet the many new aspirations of this market, both in outboards and inboards. This new department will also be able to rely on a new, high-performance factory, built in Aveiro in Portugal, which will be operational next fall. This is the first time that our Group will have had the opportunity to imagine a factory totally adapted to the industrial needs of our products, both in terms of performance and new environmental challenges. The course is now clear: generate as much turnover in sailing as in engines by 2030.”
Remember that Catana Group shares are currently hovering around 5 euros.
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